Android Based Financial Literacy Education for Indonesian Students: A Theoretical Approach

Abstract

This study aims to develop a proposition about the importance of incorporating financial literacy education into the curriculum and financial literacy education development model in the 4.0 revolution era through a theoretical approach. This paper elaborates some of the findings from previous researchers as reference findings and explores financial literacy theory. Qualitative research methods with literature studies conducted to obtain a research reference models to explaining the importance of financial literacy in the school curriculum and a development model in accordance with the 4.0 revolution era. This study also provides support for the financial literacy education must be implemented as early as possible through financial education, formal education and non-formal education and there needs to be full support from the government. Financial literacy education in several countries has been included in the curriculum. The results of the study provide recommendations that research needs to be developed on the development of models, strategies and designs for financial literacy education to determine the validity and effectiveness of financial education, so that financial literacy education can increase knowledge, the ability of students to manage their finances and students can behave wisely.

Developing student literacy management to support national economic development in Indonesia

“…Financial services can ultimately increase the economy's movement by increasing the number of existing financial transactions and the number of people who learn about them. Communities need to be wellversed in financial matters to manage their finances better, increase their income, and save money for more profitable investments rather than luxuries (Anisah & Ahman, 2021;Varghese et al, 2016;Hu et al, 2018). Longterm benefits of this financial literacy include an increase in financial literacy knowledge and an increase in financial product or service users.…”